What Insurance Do Tradespeople Need?

When you’re a tradesperson, it’s essential to know what insurance you need to protect yourself, your team and your business. Some types of insurance are legal requirements, while others are optional but can provide peace of mind. Let’s break it down:
Motor Insurance – If you use vehicles for your work, having the right motor insurance is a legal must. Your cover needs to reflect the jobs you do and what you transport in your vehicle. You can go to our dedicated car insurance page to learn more.
The Motor Insurance Bureau works with the police to inspect commercial vehicles. If you’re found transporting anything not declared to your insurer your cover could be voided. This could lead to a hefty fine, points on your licence and your vehicle will be impounded until you produce correct insurance documents.
Be upfront with your insurer about the type of goods you carry for the types of jobs you do, especially if your work has diversified in recent years.
Goods in Transit Insurance – Offers protection for the goods you are carrying with the main risks being fire, theft and damage caused by impact.
Liability Insurance
Employers’ Liability – If you employ anyone, this is a legal requirement. You can be fined everyday if you are not properly insured.
Public Liability – Essential for most trades, it covers businesses and individuals in the event of claims that may arise from injury, death or property damage to a third party.
Product Liability – If you manufacture or sell products, this covers claims related to those goods.
Professional Indemnity (PI) – If you provide advice or services that clients rely on, PI insurance is highly recommended. For some trades and professions, it’s a regulatory requirement. This cover protects you against claims for financial loss caused by advice or services you provide.
Tools and Equipment Insurance – Your tools are essential to your work and replacing them all at once can be costly if they’re stolen or damaged. Make sure your policy covers:
- The full value of all your tools.
- Specialist tools you hire for specific jobs.
Specialist Insurance
Depending on your trade, there are other specialist insurance options you may consider? Cover options for example: –
- Cyber Insurance
- Directors & Officers Insurance
- Business Interruption
Why Choose Us?
Navigating the world of insurance can feel overwhelming, but that’s where we come in. As experienced brokers, we’re here to guide you through your options, ensuring you get the right cover at a competitive price.
Insurance policies can often include terms and apply conditions that you need to comply with. We will bring these to your attention so that you are fully aware of any additional policy requirements.
Let us take the stress out of insurance, so you can focus on what you do best.
Get in touch with the David J Miller team today for expert advice tailored to your business needs!